Reader reaction to Reuters news
More or less…
Nasdaq adds 12 stocks to list of canceled trades
Nasdaq is canceling all trades made between 2:40 p.m. EDT and 3 p.m. EDT on Thursday that deviated more or less than 60 percent away from the consolidated last print in that security at 2:40 p.m. or just before.
Maybe I’m reading it wrong, but where it says “that deviated more or less than 60 percent away ..” .. That means any movement that is not 60% exactly. So virtually ALL trades.
I believe that’s supposed to read to mean “any stock that moved more than 60% above or below ..” ..
You’re right, what we said wasn’t what we meant to say: GBU Editor
A sign for the NASDAQ Market site is seen in New York’s Times Square, February 8, 2010. REUTERS/Shannon Stapleton